RELEVANSI AYAT-AYAT EKONOMI ISLAM DALAM SURAH AL-BAQARAH TERHADAP SISTEM KEUANGAN SYARIAH MODERN

Abstract

The rapid growth of Islamic finance has demonstrated that Islamic economic principles are increasingly relevant to contemporary financial systems. Various Islamic inancial institutions, including Islamic banks, sukuk, takaful, and Islamic fintech, have emerged as practical manifestations of Sharia-compliant economic practices. However, challenges related to the implementation of Sharia principles, financial ethics, and the dominance of conventional interest-based systems continue to affect the development of Islamic finance. This study aims to examine the relevance of economic verses in Surah Al- Baqarah to the contemporary Islamic financial system. Employing a qualitative library research approach, the study analyzes Qur’anic economic principles through thematic socio-economic interpretation. Primary data were derived from the Qur’an, classical and contemporary tafsir literature, Islamic finance regulations, and Sharia fatwas, while secondary data were obtained from academic publications and Islamic finance literature. Data were analyzed using a Qur’anic socio-economic framework that integrates textual interpretation with contemporary financial practices. The findings reveal that the economic principles embedded in Surah Al-Baqarah, particularly the prohibition of riba, transactional transparency, economic justice, wealth distribution, and social responsibility, remain highly relevant to modern Islamic financial institutions. Thes principles provide a normative and ethical foundation for developing a more inclusive, equitable, and sustainable financial system. The study highlights that Islamic finance is not merely an alternative financial model but also a value-based economic framework capable of addressing contemporary economic challenges while promoting social welfare and ethical financial governance.